#BTC INTRADAY UPDATE
VOLATILITY EXPECTED: MEDIUM
EXPECTED SCENARIO:
$btc holding support. Max R1(31000$) can be tested today. Else Consolidate
We can expect high volatility around 6.30PM UTC/ 11.30PM IST coz of FOMC discussion.
BULL CASE:
Max R1(31000$) can be tested today.
BEAR CASE:
Bearish below INTRDAY FLIP LINE(30600$). Look for Supports S1 and S2 in that case.
NOTE:
On Higher timeframe, Upside next strong resistance is 31000$. We can be bullish above that till 34K$ zone.
On Lower side 25000$ zone is already tested and should hold on weekly. If broken next will be 23500$BTC #bitcoin